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The Latest Breaking News from Rachel Reeves

Labour is in a mess. Is there anything Starmer can do to turn things around? Our panel responds – part one

Over a year into power, Keir Starmer’s government is floundering. But it still has a large parliamentary majority and time on its side — here’s what it could do, says our first group of panelists

The Guardian - UK

Families in Britain are £20,000 worse off than 20 years ago, report warns

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

The Independent UK

The Guardian view on Labour and the economy: the legacy was grim but voters need hope, not excuses

Editorial: The prime minister and the chancellor are running out of time to convince their own MPs that they have a plan to turn things around

The Guardian - UK

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More than half of Londoners would be hit by rumoured annual property tax

The potential introduction of a national property tax on homes above £500,000 would equate to a ‘tax on London’, says Marc von Grundherr at Benham and Reeves

Evening Standard

UK's productivity forecast to be downgraded sparking tax rise fears in Chancellor's upcoming Budget

Treasury officials are anticipating that the blackhole in the UK’s finances could amount to £30billion

Evening Standard

UK inflation remains nearly double the target before BOE rate decision

Stubbornly high inflation has been one of the reasons why the Labour government's poll ratings have fallen sharply since it came to power in July 2024.

Euronews

Britain's biggest housebuilder warns late Budget increases risks for the sector

Rachel Reeves will not deliver her set piece statement to the Commons until November 26

Evening Standard

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UK inflation remains nearly double target ahead of expected interest rate hold

Inflation in the U.K. held steady at 3.8% in the year to August, a day before the Bank of England is widely expected to keep interest rates on hold

The Independent UK

UK inflation holds steady at 3.8% as fuel prices offset falling air fares

Annual August rate released as Bank of England considers holding interest rate at 4% to tackle rising prices

The Guardian - UK

New headache for Rachel Reeves as OBR expected to lower productivity forecast

Weaker growth outlook would set chancellor on course to break her fiscal rules without significant action in budget

The Guardian - UK

‘Our plans could be derailed’: family firms say Labour tax rises will force fire sales

Manufacturers say new rules on passing on assets threaten investment and future survival of businesses

The Guardian - UK

Fears for UK’s pubs and restaurants as hospitality hit hardest by job cuts

The industry could lose up to 111,000 job losses in little more than a year, warns trade body UKHospitality

The Independent UK

Trump Touts US-UK Nuclear Agreement While Chasing Headlines on His Visit

A new US-UK nuclear agreement is being hailed as the start of a “golden age of nuclear” with fresh investment and thousands of jobs promised for Teesside.

The Fashion Central

Reeves and US counterpart Bessent meet finance chiefs

Chancellor Rachel Reeves said they were delivering ‘investment and opportunity’ on both sides of the Atlantic.

Evening Standard

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The Guardian - UK

UK state pension likely to rise by 4.7% under triple lock

Increase will put further pressure on Rachel Reeves as ONS figures show pay growth slowing and job losses rising

The Guardian - UK

Reeves to host bosses of UK and US financial firms as Trump visit begins

Chancellor hosting Downing Street talks with Treasury secretary, which are aimed at securing more US investment

Evening Standard

'Seize the moment!' Rachel Reeves urged to give green light to £1.7bn DLR extension to Thamesmead

Pressure grows on Chancellor to help fund new DLR route under the Thames

The Independent UK

Retailer says larger stores to come under pressure from rate changes

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Evening Standard

Milei has transformed the Argentinian economy — if only Labour would take note

A long-term economic basket case, the country has been revived by the radical policies of its controversial president. So what can we learn from them?

The Independent UK

Primark owner delivers warning to Rachel Reeves over ‘mistaken’ rate changes

Chancellor Rachel Reeves faces the daunting task of boosting Treasury revenues to address a potential £40 billion deficit in state finances

The Guardian - UK

Bank of England urged to slow bond-selling plan to help cut record UK borrowing costs

Ex-MPC members say ‘quantitative tightening’ should be scaled back or halted entirely, saving the Treasury up to £10bn a year

The Guardian - UK

Thames Water paid £1m-plus to corporate spooks firm part-owned by Starmer adviser

Exclusive: Hakluyt – formerly run by Varun Chandra – has been advising utilities company as it tries to avoid renationalisation

The Guardian - UK

Wealthy parents rush to give children their assets as tougher UK inheritance tax rules loom

Big family enterprises, which previously paid no IHT, will face tax of 20% on value above £1m from April

The Independent UK

Voices: Zero change. Zero growth. Zero hope of Rachel Reeves being rescued

COMMENT: The chancellor, faced with a flatlining economy, is trapped in an impossible dilemma – come the Budget, she’ll have to break her election promises or break her fiscal rules, warns John Rentoul

The Independent UK

Voices: It will take more than a £6 ‘meal deal’ to shake up Pret

COMMENT: It’s about time the embattled food chain offered a sandwich lunch plus drink and crisps for under a tenner – but office workers are still sore from all the years of eye-watering ‘Pretflation’. Will they bite, asks James Moore

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